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Adamjee Insurance Wins for Sixth Straight Year

Adamjee Insurance Company Limited has secured first place in the insurance category at the 2025 Best Corporate & Sustainability Report Awards, marking its sixth consecutive year at the top. The awards are organized by the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan, recognizing excellence in corporate and sustainability reporting.

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Corporate News

HESCO and SEPCO Boards to Be Reconstituted

The government has approved changes to the boards of three state-owned enterprises: Hyderabad Electric Supply Company, Sukkur Electric Power Company and National Engineering Services Pakistan. The boards of HESCO and SEPCO will be reconstituted, while NESPAK will receive a chairman/independent director. The finance minister said government representatives serving as ex-officio directors should be suitably placed, competent and experienced, with a strong understanding of their institutions. The appointments aim to ensure effective representation of the respective government divisions on the boards.

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PTA Confirms Registration of Two Platforms

The Pakistan Telecommunication Authority has formally registered BIGO LIVE and Likee in Pakistan under Bigo Service Pakistan (Pvt.) Ltd. The registration was made in accordance with the Removal and Blocking of Unlawful Online Content rules.

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Cement Maker Targets Pakistan’s EV Industry

Thatta Cement plans to enter Pakistan’s electric vehicle market through a wholly owned subsidiary. The company will initially import completely built-up electric vehicles from China, aiming to establish an early presence in the country’s developing EV industry. The plan was disclosed in a filing to the Pakistan Stock Exchange.

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